Commercial Field 1,900m2 in Nicosia

This exceptional property is located within Commercial Zone Eβ3, offering outstanding potential for a variety of commercial or mixed-use developments. The zoning allows a maximum building Density of 160% and a coverage of 70%, with a construction permitted of up to six floors. With a road frontage of 90 meters. These development parameters provide excellent flexibility for creating modern retail spaces, office buildings, or mixed-use projects. Situated in a prime commercial area, the property presents an ideal opportunity for investors and developers seeking to capitalize on its high development potential and strategic location. The acquisition structure offers flexibility depending on the buyer’s preferences. If the purchase is completed through the acquisition of the (holding company) that owns the property, the transaction is not subject to VAT, as share transfers are VAT-exempt also no stamp duty will apply at the Land registry. For a viewing and further details please feel free to contact our agent.